Elysee Development earns $5.37-million in Q3 2025

Mr. Guido Cloetens reports ELYSEE EARNS $5,370,391 ($0.19 PER SHARE) DURING THREE MONTHS ENDED SEPTEMBER 30, 2025 Elysee Development Corp. has released its unaudited financial results for the nine and three months ended Sept. 30, 2025 (Q3 2025). All dollar amounts are in Canadian funds. Financial highlights for the period ending on Sept. 30, 2025 include: Increase in net asset value (NAV) to 72 cents per share from 53 cents on June 30, 2025; Net income of $5,370,391 (19 cents per share) in Q3 2025; Net income of $8,316,859 (29 cents per share) for the nine-month period ended Sept. 30, 2025; Cash on hand as of Sept. 30, 2025, of $5,027,582. Guido Cloetens, president and chief executive officer of Elysee Development, commented: "The third quarter of 2025 was our best quarter ever, with net earnings of $5,370,391, or 19 cents per share. "Since the start of the year our NAV increased by approximately 70 per cent from 42 cents per share to 72 cents per share on Sept. 30, 2025. "At the end of Q3 our portfolio was 36 per cent invested in precious metals miners, 25 per cent in other metals, 5 per cent in energy-related companies, 11 per cent in private companies, and we held 23 per cent in cash and cash equivalents. "The third quarter saw the acceleration and broadening of a trend that started in early 2025, with robust demand for precious metals resulting in rising share prices for the majority of mining companies. In recent months we noticed that share prices of development companies and small producers are gaining traction as well, with many developers and exploration companies raising new capital. "The M&A trend is also continuing. Several of our investee companies received takeover offers in recent months, with MAG Silver being acquired by Pan America Silver during Q3 2025. On Oct. 31, 2025, Fresnillo PLC announced an offer to acquire Probe Gold Inc. for $780-million, a 39-per-cent premium to its recent share price. Elysee has a significant investment in Probe Gold." On Sept. 30, 2025, the company's cash position was $5-million and has now increased to more than $6.8-million (24 cents per share) as of Oct. 31, 2025. In line with the company's policy of returning cash to shareholders whenever prudent to do so, the company will be paying a dividend of one cent per share on Nov. 21, 2025, to shareholders of record on Nov. 10, 2025, which is also the ex dividend date. Q3 was an exceptionally good quarter for Elysee, with net investment earnings of $5,534,321 and net income of $5,370,391. The company realized a gain of $978,903 on its portfolio of marketable securities, with unrealized profits of $4,525,671, and interest and dividend income of $40,010, offset by general and administrative expenses of $163,930. During the nine months ended Sept. 30, 2025, Elysee recorded net investment earnings of $8,854,632 with a realized gain on securities of $1,840,956, unrealized profits of $7,008,815, interest and dividend income of $147,698 offset by an unrealized loss on other investments of $138,321 and G&A (general and administrative) expenses of $537,773 resulting in net income of $8,316,859 for the first nine months of 2025, or 29 cents per share (25 cents fully diluted). Proceeds from the sale of investments amounted to $8,413,513 while allocating $4,478,873 to new investments during the first nine months of the year. During the nine months ended Sept. 30, 2025, the company purchased 117,500 of its shares at an average cost of 35 cents per share and a total cost of $40,930 pursuant to a normal course issuer bid. At the end of the period there were 28,250,780 shares outstanding. The most significant investments on Sept. 30, 2025, were U.S. Vanadium LLC (privately held), Arizona Sonoran Copper Company Inc., Equinox Gold Corp., Wesdome Gold Mines Ltd., Agnico Eagle Mines Ltd. and Probe Gold Inc. We seek Safe Harbor.